Studio City Real Estate Market Recap - Week Ending February 28, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 2/28/2016.

75 active listings on the market in Studio City - prices range from $699,000 to $8,500,000

  • Median price:  $$1,799,000 (↑)
  • Average days on market: 74 (↑);  average cost per foot:  $650 (↓)
  • 24 homes for sale over $2,000,000  (↑) 
  • 25 price reductions (up from 19 last week)

Pending Home Sales: 34 (down from 39 last week)  - prices ranging from $750,000 to $2,899,000

  • 3 new pending sales last week (down from 6 last week)

4 Sold Listings (up from 3 last week):

  • Median Price:$2,899,000  (last week: $900,000)
  • Average days on market:  63 (↓)
  • Average cost per foot:  $792 (↑)

4 Sold Listings Last Week in Studio City

3506 Berry Drive, Studio City

Sales Price:  $7,500,000

Days on Market: 28

Cost per foot:  $1416

Square feet: 5297; 5 Beds/5 Baths. Special Notes:  Gated celebrity estate with commanding views and incredible privacy. Set on nearly an acre and a half of lushly landscaped grounds with mature trees and gently rolling lawns, nearly every room opening directly onto a central courtyard. Detached professional gym, outdoor living & dining room, with pool, secluded spa, citrus grove, and Koi pond. Charming & secluded newly remodeled modern barn. Property has been sold with adjacent lot next door. 

11231 Briarcliff Lane, Studio City

Sales Price:  $3,400,000

Days on Market: 60

Cost per foot:  $608

Square feet: 5592; 5 Beds/6 Baths. Special Notes:  Gated Spanish Estate in the Hills of Studio City on a private and gated cul-de-sac. Impeccable landscaping and oversized patio areas give way to beautiful canyon & city light views. Indoor/outdoor entertaining with expansive patios, pool, spa, waterfall, built-in BBQ, and wood burning fireplace. Off of the pool there is a bonus area not calculated in the total square footage that is the ideal guest house, screening room, or home office. Three car garage with walled courtyard.

3812 Vantage Ave, Studio City

Sales Price:  $2,050,000

Days on Market: 43

Cost per foot:  $609

Square feet: 3368; 5 Beds/6 Baths. Special Notes:  New Cape Cod custom home in Silver Triangle. Dramatic 10 foot ceilings, an abundance of wood and paneling, white oak hardwood floors throughout, grand formal living room, formal dining room, and a Chef's culinary kitchen with Caesar Stone counter tops, large center Marble Top Island and Premium SS Viking appliances. Huge family room with custom built-ins throughout opens to an entertainer's dream yard featuring a pool and spa surrounded by beautiful trees, grassy yard and large open patio with BBQ. Many custom amenities including wired for smart home technology.

4351 Beck, Studio City

Sales Price:  $1,569,000

Days on Market: 120

Cost per foot:  $537

Square feet: 2923; 4 Beds/3 Baths. Special Notes: House is completely redone with a contemporary flair on a beautiful tree lined street in Colfax Meadows.  Open floor plan includes light filled living room, top of the line gourmet kitchen with center island, large family room with fireplace and dedicated office area. Features include hardwood floors, French doors & high end finishes throughout. 

8 New Listings Last Week in Studio City